EC Credit Control is today a recognised leader in the Debt Collection and Credit Management industries.

1300 640 163

PO Box 248,
Botany, NSW 2019

Credit Control Services in place for resource sector slowdown

A Hunter Valley owned and operated service company to the resources sector has recently become a client of EC Credit Control. The owner and management knew measures were required as the obvious decline in their service orders is only part of the issue created by the slowdown in the resource sector. â€œIt puts pressure on every business in the region in one way or anotherâ€ the owner stated. â€œLast year we had one company go into liquidation owing us $140k and we received nothing as an unsecured creditor…â€ Implementing current Terms of Trade, Working Documents, PPSR and Veda will ensure our credit management is correct and we are secured, minimising the chance of another big loss that we can't affordâ€.

The services EC Credit Control now provides this client are:

TERMS OF TRADE were created specifically for the clients business and needs. The Terms and Conditions contain all the clauses required to meet current legislation as well as industry specific codes and protection to combat debtors.

WORKING DOCUMENTS including Credit Applications, Directors Guarantees, Quotation, Scope of Works, Variation and Completion of Works forms.

PPSR registration of financial interest for debtors that have material monthly accounts outstanding. Along with those that have possession of their equipment. This ensures they are a secured creditor in a liquidation event, and are not deemed a â€œpreferential paymentâ€ and at risk of clawback from a liquidator.

VEDA subscription taken out to allow the business to run credit reports on new and existing clients, and receive alerts on key details of debtors businesses including any defaults or legal action.

DEBT RECOVERY, a process was instigated for a number of delinquent debtors. The client was very happy with the results-oriented â€œNo Collection No Commissionâ€ structure.

Testimonials

There sure are a lot of slow payers out there thank goodness for EC.

1

EC Credit Control provided us with great support and communication throughout the entire process. It was a relief to know that we had professional people to help and recovery the debt on our behalf.

1

We would like to express our sincere thanks to EC Credit Control. We had a debt that was of a considerable amount to any small business but with the help of EC Credit Control we are very happy to say the full amount has been recovered.

1

Using the on-line services is fantastic. I can print reports and check the status of my debts easily and quickly.

What our Clients Say

Using the on-line services is fantastic. I can print reports and check the status of my debts easily and quickly.

1

There sure are a lot of slow payers out there thank goodness for EC.

1

EC Credit Control provided us with great support and communication throughout the entire process. It was a relief to know that we had professional people to help and recovery the debt on our behalf.

1

We would like to express our sincere thanks to EC Credit Control. We had a debt that was of a considerable amount to any small business but with the help of EC Credit Control we are very happy to say the full amount has been recovered.